Using a fixed-effects panel data approach, FDI flows of 22 OECD countries are explained by gravity equations over the period 1991-2001. It is distinguished between all available observations, Intra-EU25 observations only, and observations not belonging to the EU25 area in order to control for...

For decades, nontariff trade barriers (NTBs) have been regarded as more problematic policy instruments than tariffs in international trade negotiations. This is due to the fact that trade impacts of nontariff trade barriers are less transparent than those of tariffs. Tariffication of nontariff...